Polars, an Amsterdam, The Netherlands-based Rust-based DataFrame library for data scientists and engineers, raised USD$4m in seed funding.
The round was led by Bain Capital Ventures with participation from individual investors.
The company intends to use the funds to expand the team, and build a compute platform to efficiently run the platform at any scale.
Founded by Polars creator and machine learning engineer, Ritchie Vink, and his co-founder Chiel Peters, former CTO at Xomnia, Polars empowers data scientists and engineers to analyze large DataFrames without having to set up and maintain a distributed compute cluster. Today, Polars is one of the fastest DataFrame libraries in existence, and one of the fastest-growing data processing projects on GitHub.
The company will be built around the open source Polars project, and will focus on furthering its scalability and interoperability in enterprise environments.
FinSMEs
04/08/2023